Author Topic: HSS IPO  (Read 2286 times)

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« on: May 24, 2016, 07:26:27 AM »

项目管理和工程咨询公司 HSS 料8月上市创业板
财经新闻 财经  2016-05-22 12:09

(吉隆坡21日讯)去年展延上市计划的项目管理和工程咨询服务公司HSS工程(HSS Engineers Berhad),或会在今年8月上市,亮相马交所创业板。
《The Edge》引述消息指出,合盈证券(M & A Securities)已受委负责处理发行股票。
HSS工程3项核心服务,分别为工程服务、项目管理和建筑信息建模服务(Building Information Modeling,简称BIM)

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« Reply #1 on: June 21, 2016, 07:23:42 AM »

M&A Securities named underwriter for HSS Engineers IPO
Posted on 21 June 2016 - 05:38am
KUALA LUMPUR: HSS Engineers Bhd has signed up M&A Securities Sdn Bhd as the underwriter for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

M&A Securities will also act as HSS principal adviser, sponsor, and placement agent for the IPO, which Bursa Malaysia approved on June 1.

HSS executive director and co-founder Datuk Kunasingam V. Sittampalam said the group has been successful in securing a continuous stream of jobs, built on long-term relationships with clients backed by its involvement in the construction of infrastructure projects and buildings around Malaysia.

HSS’s proposed IPO involves a public issue of 63.82 million new shares of 10 sen each, comprising 15.95 million issue shares available for application by the public, 7.98 million issue shares for application by eligible directors, employees and business associates, as well as 39.89 million issue shares allocated for private placement to selected investors.

The listing exercise will also involve an offer for sale of 31.91 million existing shares available for private placement to selected bumiputra investors.

“Over the 30 years that we have been in this business, we have been constantly looking for new ways to improve our services and offerings. We were one of the first in the country to begin offering 2D design to 3D design in the mid-1990s, allowing us to further grow our client base. We are proud to call ourselves Malaysia’s engineering DNA,” Kunasingam said in a statement.

HSS, through its subsidiaries and associates, is primarily involved in providing engineering design services, construction supervision, project management as well as Building Information Modelling, or BIM, services.

The group currently operates across a wide range of the construction sector, which include urban infrastructure, road and highways, bridges, airports, ports and harbours, railways and metro systems, building and structures, power generation and distribution, water resources and supply, and sewerage and public health. It has three main offices – Kuala Lumpur and Penang in Malaysia, and Chennai in India.

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« Reply #2 on: June 29, 2016, 02:28:03 PM »

HSS Engineers looks to India, the Middle East for expansion
By Ahmad Naqib Idris /   | June 29, 2016 : 1:47 PM MYT   
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KUALA LUMPUR (June 29): Engineering support services provider HSS Engineers Bhd, which is slated to list on the ACE Market of Bursa Malaysia soon, said it is looking to expand its presence overseas, particularly in India and the Middle East, capitalising on the rapid infrastructure growth in the two regions.

HSS executive director Datuk Kuna Sittampalam said the group has allocated RM15 million or 47% of the total proceeds of RM31.91 million for expansion of operations in India. The group's business information modelling (BIM) segment is currently based in Chennai, India.

"India is one of the faster growing economies in the world today. The new government that has been there for the past two years is putting a lot of emphasis on infrastructure.

"We believe there are opportunities to expand there, given that they are growing at that rate and as well as the need for infrastructure services," he said at a press conference following the launch of the group's prospectus today.

HSS chief executive officer Datuk B Nitchiananthan added that India is also a good resource for talent.

"Besides the excellent growth prospects, India also has a great pool of talent. There are over 1,000 engineering colleges which provide access to talent. To truly become an international company, we have to capitalise on this talent," he said.

Meanwhile, for the Middle East, the group sees opportunities as the region will see the roll-out of various infrastructure upgrades ahead of the Expo 2020 in Dubai, and the World Cup in Qatar.

"In the past, we have had some collaborations in the Middle East; we have done some projects there, especially in the MENA (Middle East and North Africa) area. Our Chennai office that provides BIM services has projects in the Middle East right now.

"One of the reasons why we are looking at the ME (Middle East), especially Dubai, is that they are going to have the Expo 2020 and they will roll out lots of infrastructure projects, as well as the World cup in Qatar. These are the main drivers to accelerate infrastructure, we think there are opportunities there to participate," he said.

HSS will be listed on the ACE Market on Aug 10, 2016, offering some 63.82 million shares at 50 sen per share, of which 25% will be available to the Malaysian public. It intends to raise a total of RM31.91 million via its initial public offering, whereby 75.2% of the funds will be used for its expansion plans.

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« Reply #3 on: June 29, 2016, 02:37:32 PM »

Wednesday, 29 June 2016 | MYT 9:15 AM
HSS Engineers to raise RM31.9m from IPO


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KUALA LUMPUR: Engineering and project management services provider HSS Engineers Bhd (HEB) is looking to raise RM31.91mil from its proposed listing on the  ACE Market of Bursa Malaysia.

About 75.2% of the proceeds will be used for its expansion into India as well to provide support services as it seeks to foray into the water and power sectors in Malaysia.

According to its prospectus issued on Wednesday, it was issuing 63.816 million new shares of 10 sen each at an offer price of 50 sen each.

Under the initial public offering, it will offer 15.95 million new shares to the public and 7.97 million units to the eligible directors, staff and business associates while the remaining 39.88 million shares would be placed out to selected investors.

The major shareholders will also place out 31.91 million shares to approved Bumiputera investors.

The tentative listing date is Aug 10.

HSS Engineers co-founder and executive director Datuk Kunasingam Sittampalam said the group has played a prominent role in many of the urban infrastructure and building projects in Malaysia, “driven by our shared desire to improve the lives of people around us”.

"The group has been bridging the gap between 'what is' and 'what can be' possible in local engineering, and we are always on the lookout for new technologies and processes that can enhance our service offerings," he said.

HSS Engineering is involved in engineering services for infrastructure including the light rail transit (LRT)

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« Reply #4 on: June 30, 2016, 07:29:20 AM »

HSS Engineers eyes India, Middle East
Posted on 30 June 2016 - 05:38am
By Lee Weng Khuen
KUALA LUMPUR: HSS Engineers Bhd, which aims to raise RM31.91 million from its listing on the ACE Market of Bursa Malaysia, is targeting to expand into India and Middle East to reduce dependency on the local market.

In 2015, 97.5% of the company’s revenue came from its Malaysian operations. It provides engineering design, construction supervision, project management as well as building information modelling services to the various industries including roads and highways, power generation and water resources.

HSS executive director and co-founder Datuk Kunasingam Sittampalam said the company is vying for infrastructure services contracts in India.

“The new Indian government is putting a lot of emphasis on the infrastructure, there is an opportunity for us to expand there as there is a need for better infrastructure,” he told a press conference here yesterday in conjunction with the prospectus launch.

HSS does have an office in Chennai, India. It also has one each in Kuala Lumpur and Penang.

For the Middle East market, Kunasingam said, the company is hoping to take advantage from the Expo 2020 in Dubai and the World Cup 2022 in Qatar.

“These are the two main drivers that will accelerate their infrastructure projects, there are opportunities for us to participate,” he explained.

Apart from that, HSS is looking to tap into the Asean market through acquisitions or strategic partnerships. However, Kunasingam said the company is not in serious talks with any companies as yet.

As at end-May, HSS had an outstanding order book of RM366 million.

“This order book which can last for two to five years will speak for itself, that's the testament to the outlook for the company,” Kunasingam replied when asked about the company's earnings projection for 2016.

HSS reported a 10.77% growth in net profit to RM10.13 million for 2015 compared with RM9.15 million in 2014.
Its initial public offering (IPO) entails the issuance of 95.72 million shares comprising a public issue of 63.82 million new shares and an offer for sale of 31.91 million existing shares.

Upon listing, it is expected to have a market capitalisation of RM159.54 million based on an issue price of 50 sen per share.

About 75% of the IPO proceeds will be used to fund the expansion into the Indian market and future ventures into support services for the water and power sectors in Malaysia.

Meanwhile, 12.6% of the proceeds will go to the repayment of bank borrowings and the balance for general working capital expenditure.

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« Reply #5 on: June 30, 2016, 02:47:40 PM »

财经  2016年06月29日
上市筹3191万拓市场 HSS看好工程服务

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« Reply #6 on: July 02, 2016, 11:08:23 AM »

Saturday, 2 July 2016
HSS banks on track record

HSS Engineers Bhd co-founder and executive director Datuk Kunasingam Sittampalam
HSS Engineers Bhd co-founder and executive director Datuk Kunasingam Sittampalam
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The hardest task for Ace Market debutant HSS Engineers Bhd (HEB) is to tell investors the difference between a company that provides consultancy services to the construction industry and a pure builder of infrastructure.

The builder’s order book, which goes into billions of ringgit, impresses investors.

However, the margin is normally narrow and if the execution is wrong, the company incurs a loss. The situation is starkly in contrast for a company such as HEB that provides consultancy and engineering and project management services. Its turnover is small but enjoys better margins and is largely dependent on experienced human capital.

On this score, HEB co-founder and executive director Datuk Kunasingam Sittampalam (pic), or better known as Kuna, says that many staff in HEB have been with the company since its inception.

To date, HEB has approximately 600 employees. From this figure, 200 HEB employees have worked in the group for more than five years.

Some of the notable infrastructure projects HEB was involved in includes the Maju Expressway, electrified double tracking of the railway line between Rawang and Ipoh, Westport development, as well as the widening of the Penang Bridge.

The history of the company stretches back to 1980s and was set up by Kuna and the late Datuk S. Santhakumar, who were then in their early 30’s. “Those days, I suppose being a consultant was synonymous to having grey hair, but we were very young. However, we were very clear - we wanted to provide a different value proposition,” Kuna tells StarBizWeek recently.

Kuna believed that the company could make a difference in the industry by providing services that could further enhance the industry.

“We were always looking to innovate things and that has been our cornerstone from inception till today,” explains Kuna.

Initially, the company only offered civil structural services. Today, HEB provides engineering design, project management, construction supervision and building information modelling (BIM) services.

That was when the industry started taking notice of the company.

The first major break for the company was the construction of the North-South Expressway in 1989.

“We were consultants for two stretches of the highway, which was probably the two toughest stretches. One was the upgrading of the Federal Highway which had live traffic and many interchanges, while the other was the widening of the KL-Seremban stretch, which had a lot of construction work carried out at night,” Kuna elaborates.

The early 90’s was the era of iconic infrastructure, which the company was very much involved in.

One of these infrastructures were the Kuala Lumpur International Airport (KLIA), where HSS Integrated was integral in the master plan, preliminary engineering and detailed design of the airport.

Then came the Asian Financial Crisis in 1998, which affected HSS Integrated badly as it was largely dependent on the privatisation jobs in Malaysia. Many privatisation jobs were put on hold.

Despite the crisis, Kuna noted that none of the staff were retrenched, except for expatriates. Most of the staff took voluntary pay cuts and stuck with the company through thick and thin.

“There was so much loyalty from the staff and it really was like a family, as everyone putting in resources and working hard to solving problems,” says Kuna.

HEB was one of the early adopters of AutoCAD Design and total station survey in Malaysia during the 80’s.

Malaysia has a well developed but fragmented consultancy industry. These consultancies provide services from accounting to surveying and project management. It cuts across every industry from finance to oil and gas and construction. Nobody can realistically put a finger to the total market size.

But based on industry estimates, the market size for engineering and project management services is said to be about RM4.24bil in 2015. And the bulk of the amount is related to oil and gas projects. HEB’s market share is estimated at about 2.8% of the RM4.24bil.

Another measure on the size of consultancy work for companies such as HEB is the amount the government spends on building infrastructure. In the 11th Malaysia Plan, the government has set aside an estimated RM130bil to be spent on infrastructure over a period of five years. Consultancy works comes up to about 2% of the amount, which is RM3bil over five years of RM600mil per year. Apart from public spending, the private sector also spends on works that is estimated at about 20% of what the government spends on infrastructure. The group registered a FY2015 revenue of RM121.5mil, with the Malaysian market contributing RM118.5mil.

The group is looking to raise RM31.91mil from its listing on the Ace Market of Bursa Malaysia Securities Bhd. The bulk of the proceeds would be used for the group’s expansion and venture into providing consultancy services to the power and water sectors in Malaysia.

Kuna says that HEB plans to expand its operations in India.

Apart from that, HEB is looking to expand its operations in the Asean region and Middle East. HEB is not new to foreign markets as the group currently has an office in Chennai, India, offering building information modelling (BIM) services.

BIM is a digital representation of the physical characteristics of a facility, a value-added service that can save up to 25% of costs.

HEB’s current order book amounts to RM365.9mil as of May 31, 2016, which is expected to keep the group busy for the next three to five years. The group has a price-earnings multiple (PE) of 15.8 times based on the pro forma net earnings per share (EPS) of 3.17 sen for the financial year 2015 and the enlarged issued and paid-up share capital of 319.08 million shares upon listing.

“In the future, we want to venture into facility management, facilitated by the BIM services that we are already providing,” says HEB CEO Datuk Nitchiananthan

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« Reply #7 on: July 17, 2016, 09:42:01 PM »

2016-07-17 19:29


即将在8月马股创业板上市的HSS公司是我国基建行业的幕后英雄之一。该公司的主要业务包括:工程设计、项目管理服务以及建筑物资讯管理(Building information modeling简写BIM)。




































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« Reply #8 on: July 19, 2016, 01:59:01 PM »
why is Dr Kim not seen in this HSS royal battleship

his royal HSS royal battleship , something to ponder

economic 101 said this his royal HSS battleship

will be talk of the town

Dr Kim, what is your economic 101 comment on this

 :) :) :) :) :) :) :) :) :) :) :)
I heard dr kimmy lost alot of monies